SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2025

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 9 — SEGMENT INFORMATION

The CODM uses operating income to evaluate the performance of the overall business, make investing decisions, and allocate resources. The following table depicts the Company’s segment results of operations, including significant expenses that are regularly reviewed by the CODM, for the three months ended June 30, 2025 and 2024:

	Three Months Ended June 30,
	2025						2024
	Consumer		Commercial		Consolidated		Consumer		Commercial		Consolidated
Sales	$	43,173,758	$	11,703,075	$	54,876,833	$	31,990,028	$	13,306,974	$	45,297,002
Cost of goods sold		38,515,772		3,973,138		42,488,910		27,968,699		5,938,846		33,907,545
Selling, general and administrative		3,735,427		4,936,640		8,672,067		4,009,468		5,108,580		9,118,048
Depreciation and amortization		195,604		264,807		460,411		112,518		249,749		362,267
Operating income	$	726,955	$	2,528,490	$	3,255,445	$	(100,657)	$	2,009,799	$	1,909,142

The following table depicts the reconciliation of the Company’s segment operating income to income before income taxes for the three months ended June 30, 2025 and 2024:

	Three Months Ended June 30,
	2025						2024
	Consumer		Commercial		Consolidated		Consumer		Commercial		Consolidated
Operating income	$	726,955	$	2,528,490	$	3,255,445	$	(100,657)	$	2,009,799	$	1,909,142
Other income		156,158		238,093		394,251		8,003		217,414		225,417
Interest expense		(53,993)		(52,235)		(106,228)		(55,697)		(53,444)		(109,141)
Income before income taxes	$	829,120	$	2,714,348	$	3,543,468	$	(148,351)	$	2,173,769	$	2,025,418

The following table depicts the Company’s segment results of operations, including significant expenses that are regularly reviewed by the CODM, for the six months ended June 30, 2025 and 2024:

	Six Months Ended June 30,
	2025						2024
	Consumer		Commercial		Consolidated		Consumer		Commercial		Consolidated
Sales	$	79,944,362	$	23,188,300	$	103,132,662	$	60,216,045	$	24,938,737	$	85,154,782
Cost of goods sold		71,075,473		7,701,242		78,776,715		52,645,527		10,799,114		63,444,641
Selling, general and administrative		7,623,333		9,452,996		17,076,329		7,260,958		9,494,066		16,755,024
Depreciation and amortization		376,236		529,516		905,752		206,194		499,638		705,832
Operating income	$	869,320	$	5,504,546	$	6,373,866	$	103,366	$	4,145,919	$	4,249,285

The following table depicts the reconciliation of the Company’s segment operating income to income before income taxes for the six months ended June 30, 2025 and 2024:

	Six Months Ended June 30,
	2025						2024
	Consumer		Commercial		Consolidated		Consumer		Commercial		Consolidated
Operating income	$	869,320	$	5,504,546	$	6,373,866	$	103,366	$	4,145,919	$	4,249,285
Other income		157,007		442,849		599,856		16,008		447,937		463,945
Interest expense		(108,040)		(104,509)		(212,549)		(120,098)		(109,897)		(229,995)
Income before income taxes	$	918,287	$	5,842,886	$	6,761,173	$	(724)	$	4,483,959	$	4,483,235

Other significant segment items that are regularly reviewed by the CODM are capital expenditures, which the Company defines as any purchases of property and equipment or intangible assets. The following table depicts capital expenditures for the three months ended June 30, 2025 and 2024:

	Three Months Ended June 30,
	2025		2024
Consumer	$	291,521	$	435,671
Commercial		52,271		108,222
Corporate		153,380		333,139
	$	497,172	$	877,032

The following table depicts capital expenditures for the six months ended June 30, 2025 and 2024:

	Six Months Ended June 30,
	2025		2024
Consumer	$	560,474	$	704,624
Commercial		52,271		108,222
Corporate		269,414		449,175
	$	882,159	$	1,262,021

The following table depicts the Company’s total assets:

	As of
	June 30, 2025		December 31, 2024
Consumer	$	43,903,025	$	40,454,328
Commercial		16,001,230		33,068,887
Corporate		22,811,505		4,347,274
	$	82,715,760	$	77,870,489